NEW YORK, NY–The public has not yet seen Bruce Ratner's projected profit for his proposed arena and 17 skyscrapers in Brooklyn.

While the MTA is on the verge of awarding its 8.5-acre Vanderbilt rail yards to the lower bidder, Forest City Ratner Companies (FCRC), Develop Don't Destroy Brooklyn (DDDB) and 31 other public interest and community groups have sent a letter to the MTA demanding the release of Bruce Ratner's pro forma income statement. The 20-year financial projection was required by the MTA's Request for Proposals (RFP), but does not appear in the FCRC proposal the MTA released publicly. High-bidder Extell Development Company's pro forma cash-flow statement was released to the public, but FCRC's pro forma cash-flow statement has been withheld by the MTA.

"We know Bruce Ratner's corporation stands to make upwards of $1 billion profit from his project," said DDDB spokesperson Daniel Goldstein. "Why has Mr. Ratner and the MTA hid this from the public? Contrast Bruce Ratner's profit with New York City's microscopic profit from his arena, as projected by the Independent Budget Office, and we can understand the secrecy. The MTA and FCR don't want to publicize their sweetheart deal while taxpayers get such a raw deal."

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